Application of Profit and Loss in Everyday Life

Q.

A man sold two cars at $₹99,000$ each. On one he gains $10\%$ and on the other he loses $10\%$. How much does he gain or lose in the whole transaction?

Q.

If the present petrol price is Rs.50, then what is the new price (in Rupees) when:

i) there is an increase in 20% on the original price?

ii) there is a decrease in 10% on the original price?

1. 80, 75

2. 60, 45

3. 75, 80

4. 45, 60

Q.

Find the value of the following.

$6.5\%of750kg$

Q. Find the loss or gain as percent, if the C.P. of $10$ articles, all of the same kind, is equal to S.P. of $8$ articles.

Q. By selling $8$ dozen pencils$,$ a shopkeeper gains the selling price of one dozen pencils$,$ Find his gain percent$.$

Q. A smartphone that costs Rs 10000 in flipkart is offered at a discount of 25%. What is the sale price of the phone?

1. Rs 9975
2. Rs 9750
3. Rs 7500
4. Rs 10250

Q. Amit bought a bat at 9% discount. The price reduction was ₹ 360. Then, find the regular price of bat.

Q.

The marked price of a tire is ₹ 120 and is available at a discount of 25 %. Find the selling price of 50 tires

1. Rs. 4500

2. Rs. 6000

3. Rs. 5400

4. Rs. 5000

Q. An aircraft has 120 passenger seats. The number of seats occupied during 100 fights is given below :

No. of seats	100-104	104-108	108-112	112-116	116-120
Frequency	15	20	32	18	15

Determine the mean of seats occupied over the flights

Q.

The cost of a vehicle, purchased 4 years ago, depreciates at the rate of 15% every year. If its present worth is ₹ 4, 00, 000, then find its purchase price.

1. ₹ 7, 56, 274

2. ₹ 7, 66, 274

3. ₹ 7, 46, 274

4. ₹ 7, 36, 274

Q. The price of a shirt is reduced by 12% in a discount sale. If its present price is Rs 1188, find its original price.

Q.

20% Loss on 50 Rs pen and 45% Loss on 100 Rs book, then for the shopkeeper

1. The selling price of the pen > Selling price of the book

2. The selling price of the pen = Selling price of the book

3. The selling price of the pen < Selling price of the book

4. Data insufficient

Q.

Chandu purchased a watch at 20% discount on its marked price but sold it at the marked price. The gain % of Chandu on his transaction is:

1. 30%

2. 35%

3. 25%

4. 20%

Q.

What is the selling price of a cycle if its marked price is Rs. 2, 000 at a discount of Rs. 300?

Q.

The C.P. of 16 articles is equal to the S.P. of 12 articles. Find the gain or loss percent on 1 article.

1. gain 30%

2. Loss $33\frac{1}{3}$%

3. Gain $33\frac{1}{3}$%

4. loss 33%

Q. Kunal bought a suitcase at a discount of $15\%$. He sold the suitcase for ₹2880 which is $20\%$ above the marked price. At what price did he buy the suitcase?

Q.

A businessman makes 1 lakh of rupees every month, he pays 12% tax and puts 30% into asavings bank account. He also pays 10% of the amount as an installment for the loan. How much money is left with him?

1. Rs. 48000

2. Rs. 42000

3. Rs. 64000

4. Rs. 38000

Q. Items A&B are sold at ₹ 330 and ₹ 840 on profit of 10% and 20% respectively. Then, choose the pairs

1. Profit on A
2. Profit on B
3. Cost price of A
4. Cost price of B
5. ₹ 30
6. ₹ 140
7. ₹ 300
8. ₹ 700

Q.

Sohan bought a second-hand refrigerator for ₹ 2500 and spent ₹ 1500 on its repair. He then sold it for ₹ 3300. What is the gain or loss percentage?

1. 10% gain

2. 22.5% loss

3. 17.5% loss

4. 10% loss

Q.

A bicycle dealer buys 30 Razorback cycles for ₹ 48000. Of these, 10 are with gears and the rest are without gears. At what price must he sell each geared cycle so that if he sells the non - geared ones at 3/4th of their cost price, he makes a profit of 40% on his total outlay.

1. ₹ 4320

2. ₹ 4520

3. ₹ 5020

4. ₹ 4200

Q.

Statement 1: Profit is defined as the positive difference between selling price and cost price whenever SP > CP.

Statement 2: Loss is found when CP > SP.

Choose the correct option with respect to the above statements.

1. Both statements 1 and 2 are true

2. Only statement 1 is true

3. Both statements 1 and 2 are false

4. Only statement 2 is true

Q.

Karan deposited 24% of the cost of her house.
If he paid 124, 800 rupees for the deposit, what was the cost of the house?

1. 29, 952 rupees

2. 154, 752 rupees

3. 499, 200 rupees

4. 520, 000 rupees

Q. A shopkeeper buys an article for ₹300. He increases its price by 20% and then gives 10% discount on the new price. Find: the new price (marked price) of the article

Q. The marked price of an article is3500 and rate of VAT is 8%. A shopkeeper allows a discount of 20% and still makes a profit of 10%. Find the original cost price of the article and the selling price including VAT.

Q.

Kunal bought a suitcase at a discount of $15\%$. He sold the suitcase for ₹ 2880 which is $20\%$ above the marked price. At what price did he buy the suitcase?

1. ₹. 2600

2. ₹. 2400

3. ₹. 2040

4. ₹. 2044

Q.

A bicycle dealer buys 30 Razorback cycles for ₹ 48000. Of these, 10 are with gears and the rest are without gears. At what price must he sell each geared cycle so that if he sells the non - geared ones at 3/4th of their cost price, he makes a profit of 40% on his total outlay.

1. ₹ 4520

2. ₹ 4320

3. ₹ 5020

4. ₹ 4200

Q.

A shopkeeper marks the price of his goods of 20% than the original price.After that he allows a discount of 10%. What profitor loss did he get.

Q. A shopkeeper Buys an article for Rs 124. If he gains a 20% profit even after giving a 12% discount, find the marked price.

Q.

an online book store offers an additional discount of 20% on an already discounted book at 25%.represent the net price of the book in terms of fraction and decimals of its MRP.

Q. Arun bought a car for Rs. $3,50,000$. The next year, the price went up to Rs. $3,70,000$. What was the percentage of price increase?